Anyone getting any deals on Kona EV?

TheLinuxGuy

Shopping around in northern CA seems like no dealer is going below invoice for this vehicle.

There's no discussions for this model on edmunds discussing pricing or leases so thought I would start this one.

Michaell

TheLinuxGuy said:

Shopping around in northern CA seems like no dealer is going below invoice for this vehicle.

There's no discussions for this model on edmunds discussing pricing or leases so thought I would start this one.

You can check this link to see if there is any room to move on this model:
https://www.edmunds.com/tmv.html

nsrv

same here...looking to buy next month in southern CA... please let me know of any deals or incentives

Michaell

nsrv said:

same here...looking to buy next month in southern CA... please let me know of any deals or incentives

We don't have any information on the August programs, at this point.

Sweety

RV/MF/Incentives for KONA EV Ultimate for 94568 please

kyfdx

Sweety said:

RV/MF/Incentives for KONA EV Ultimate for 94568 please

What term and mileage allowance?

nsrv

hi, any deals out for August yet..looking to purchase in SoCal (90250)

kyfdx

nsrv said:

hi, any deals out for August yet..looking to purchase in SoCal (90250)

August programs start on August 1st

mdashali

Any update now that we are in August

kyfdx said:

nsrv said:

hi, any deals out for August yet..looking to purchase in SoCal (90250)

August programs start on August 1st

goodvibes123

Hello. I'm looking to see what the MF, RV, and incentives are for the 2019 Kona Electric SEL and Limited trims for 36/12 in 06042. Also, do you know if the federal tax and state incentive can get applied on top of any normal incentives/deals that are currently available?

Thank you!

Michaell

mdashali said:

Any update now that we are in August

kyfdx said:

nsrv said:

hi, any deals out for August yet..looking to purchase in SoCal (90250)

August programs start on August 1st

What trim level?
What lease term and miles per year?

Michaell

goodvibes123 said:

Hello. I'm looking to see what the MF, RV, and incentives are for the 2019 Kona Electric SEL and Limited trims for 36/12 in 06042. Also, do you know if the federal tax and state incentive can get applied on top of any normal incentives/deals that are currently available?

Thank you!

LTD - .00188 and 45%
SEL - .00193 and 46%
$7500 lease cash, which is what you get in lieu of the federal and state tax incentives.

Nathan0490

Can you please provide RV/MF/Incentives for KONA Electric Ultimate for 22314? 36/12 and 36/15.

Thank you!

Michaell

Nathan0490 said:

Can you please provide RV/MF/Incentives for KONA Electric Ultimate for 22314? 36/12 and 36/15.

Thank you!

I think these numbers are valid for VA:

36/15
.00162 and 43%
$7500 lease cash

lindamar

Hello-
I'm looking for the MF/RV/Incentives for 36 month/15K for the Kona EV SEL and LTD trim versions. Zipcode 98607
thank you

Michaell

lindamar said:

Hello-
I'm looking for the MF/RV/Incentives for 36 month/15K for the Kona EV SEL and LTD trim versions. Zipcode 98607
thank you

LTD - .00122 and 40%
SEL - .00097 and 40%
$7500 lease cash

outlaw33

Can you please provide MF/RV and incentives on 36 months 12k and 15k for SEL and LTD trims? I am at zip 95765. TIA

kyfdx

outlaw33 said:

Can you please provide MF/RV and incentives on 36 months 12k and 15k for SEL and LTD trims? I am at zip 95765. TIA

36/15
LTD: .00122 MF and 40% residual
SEL: .00130 MF and 41% residual

$7500 lease cash

outlaw33

kyfdx said:

outlaw33 said:

Can you please provide MF/RV and incentives on 36 months 12k and 15k for SEL and LTD trims? I am at zip 95765. TIA

36/15
LTD: .00122 MF and 40% residual
SEL: .00130 MF and 41% residual

$7500 lease cash

Thanks.

sfsandy

I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV (Ultimate trim). Zipcode 94114. Thank you!

kyfdx

sfsandy said:

I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV (Ultimate trim). Zipcode 94114. Thank you!

2020
.00109 MF and 44% residual
$7500 lease cash

2019
.00097 MF and 43% residual
$7500 lease cash
$500 bonus cash

sfsandy

kyfdx said:

sfsandy said:

I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV (Ultimate trim). Zipcode 94114. Thank you!

2020
.00109 MF and 44% residual
$7500 lease cash

2019
.00097 MF and 43% residual
$7500 lease cash
$500 bonus cash

Thank you! Hyundai just posted a new lease offer for the Kona EV (below). Does this change the MF/RV? I'm new to leasing, so appreciate the advice.

Lease
$349 per month for 36 months with $3,899 due at lease signing

Lease Offer
Closed end lease for 2020 Hyundai Kona EV available from 12/3/19 through 1/6/20, to well-qualified lessees. Offer valid only when financed through Hyundai Motor Finance. Not all lessees will qualify. Higher lease rates apply for lessees with lower credit ratings. Offer shown based on $3,899 due at lease signing (includes $349 first payment and $3,550 capitalized cost reduction in addition to $400 Dealer Contribution). No security deposit required. MSRP $38,045 (includes destination, excludes tax, license, title, registration, documentation fees, and cost of optional equipment). Third-party fees vary by state or locality. Net capitalized cost of $27,245 includes $650 acquisition fee. Dealer contribution may vary and could affect actual lease payment. Lessee responsible for insurance, maintenance, and repairs. Monthly payments total $12,564. Option to purchase at lease end $17,500.70 plus tax and purchase option fee. If not purchased at lease end, Lessee shall return vehicle and pay disposition fee, as well as $.20 per mile over 10,000 miles/year, and excess wear and use charges. Purchase option and disposition fees apply except where limited by applicable law. Must take delivery of new vehicle from dealer stock by 1/6/20. See participating dealer for details.

sfsandy

To clarify, I'm wondering whether the MF/RV is updated given new manufacturer deal:

I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV. Zipcode 94114. Can I get for both SEL and Ultimate trims please? Thank you!

dansinla

I believe that's only for the SEL trim, but I'm intrigued about the additional $400 dealer contribution on top of $500 bonus cash and $7,500 lease cash, and for me I there's also $500 loyalty cash. kyfdx, does that $400 dealer contribution work for any trim?

kyfdx

sfsandy said:

To clarify, I'm wondering whether the MF/RV is updated given new manufacturer deal:

I'm looking for the MF/RV/Incentives for 36 month/10K for the 2019 as well as 2020 Kona EV. Zipcode 94114. Can I get for both SEL and Ultimate trims please? Thank you!

No, the numbers we gave you are the current numbers

kyfdx

dansinla said:

I believe that's only for the SEL trim, but I'm intrigued about the additional $400 dealer contribution on top of $500 bonus cash and $7,500 lease cash, and for me I there's also $500 loyalty cash. kyfdx, does that $400 dealer contribution work for any trim?

It isn't really a "contribution". It is the assumed dealer discount to get the proposed deal. It isn't an extra incentive

dansinla

Hi Kyfdx, wanted to confirm the MF and RV for a 2020 Kona EV Ultimate here in Los Angeles zip is 91364, with 36mo/12k miles. Thank you.

Michaell

dansinla said:

Hi Kyfdx, wanted to confirm the MF and RV for a 2020 Kona EV Ultimate here in Los Angeles zip is 91364, with 36mo/12k miles. Thank you.

.00109 and 43%
$7500 lease cash

ATYogi

Hey Friends. I’m looking for RV/MF, 10Kmiles, 36 months, 97202 is my zip-code. Thanks so much!

2020 Kona EV - limited and SEL
2019 Kona EV - Ultimate

kyfdx

ATYogi said:

Hey Friends. I’m looking for RV/MF, 10Kmiles, 36 months, 97202 is my zip-code. Thanks so much!

2020 Kona EV - limited and SEL
2019 Kona EV - Ultimate

LTD: .00136 MF and 44% residual
SEL: .00161 MF and 45% residual

Ultimate: .00097 MF and 43% residual. $500 bonus cash


$7500 lease cash on all

dansinla

Have the January 2020 numbers come out yet for Hyundai? Still looking at the 2020 Kona EV Ultimate, 91364 zip code, MF and RV for 36 months and 12k miles. Thanks.

kyfdx

dansinla said:

Have the January 2020 numbers come out yet for Hyundai? Still looking at the 2020 Kona EV Ultimate, 91364 zip code, MF and RV for 36 months and 12k miles. Thanks.

December programs were extended through Monday

Snomis

What are the current lease deals on 2020 base trim. Hyundai website is a bit unclear/not loading

Michaell

Snomis said:

What are the current lease deals on 2020 base trim. Hyundai website is a bit unclear/not loading

What is your ZIP code?
Lease term and miles per year?

ethand

For zip code 97206, please update Residual Value and Money Factor for a 36 month lease at 12,000 miles per year. Thank you kindly!

Michaell

ethand said:

For zip code 97206, please update Residual Value and Money Factor for a 36 month lease at 12,000 miles per year. Thank you kindly!

For which trim?

ethand

Limited, in Ceramic Blue.

kyfdx

ethand said:

For zip code 97206, please update Residual Value and Money Factor for a 36 month lease at 12,000 miles per year. Thank you kindly!

ethand said:

Limited, in Ceramic Blue.

Sorry... 2019 or 2020 model?

ethand

2020.

Michaell

ethand said:

For zip code 97206, please update Residual Value and Money Factor for a 36 month lease at 12,000 miles per year. Thank you kindly!

ethand said:

Limited, in Ceramic Blue.

ethand said:

2020.

.00129 and 41%
$8000 lease cash
$500 bonus cash

ethand

Thank you kindly for this. And please forgive my ignorance: is the $8000 lease cash the Federal tax incentive? Or is that offered by Hyundai to lower the MSRP?

kyfdx

ethand said:

Thank you kindly for this. And please forgive my ignorance: is the $8000 lease cash the Federal tax incentive? Or is that offered by Hyundai to lower the MSRP?

The owner of the vehicle gets the tax incentive (HMF, in this case). The lease cash is a consumer rebate, applied as a CAP cost reduction. Hyundai's way of passing that incentive on to you.

ethand

Okay, understood. How may I refer to that amount in my current lease negotiations? Is that $8000 a published amount somewhere?

ethand

Dealer continues to stonewall with "There is a $7500 federal rebate that the owner of the vehicle receives. Hyundai passed this along to the consumer in the form of lease cash. when you lease the vehicle Hyundai owns it and you are leasing it from them, so they receive it. This is why there is not the $7500 rebate on a purchase, due to you being the owner and you would have to apply for it yourself. I am happy to match the selling price of $40396. If this helps you the lowest money factor available on this vehicle is .00136 and the 12k residual is 43%. I have no problem making you a great deal but we cant double dip on incentives."

ethand

Are the .00129 and 41% in fact for the 2020 Kona EV Limited. I am being told those were for the 2019, with .00136 and 43% being the 2020 values... ?

Michaell

ethand said:

Are the .00129 and 41% in fact for the 2020 Kona EV Limited. I am being told those were for the 2019, with .00136 and 43% being the 2020 values... ?

Whoops - dealer is right. We did give you 2019 numbers, by accident.

No purchase incentives on 2020 Kona EV - you would have to qualify for the incentives through your tax return.

ethand

Sheesh, without purchase incentives the monthly payment on a lease are going to be atrocious. What gives, Hyundai? At this point—nothing?

kyfdx

ethand said:

Sheesh, without purchase incentives the monthly payment on a lease are going to be atrocious. What gives, Hyundai? At this point—nothing?

New programs start tomorrow...

ethand

That's great news. Where/how can I find out about them?

ethand

? ?

ethand

Hello @kyfdx and/or @Michaell —anyone there?